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5 Pounds Palestine Saving Bond
| Issuer | Higher Nile Valley Authority for the Rescue of Palestine |
|---|---|
| Year | 1948 |
| Type | Vouchers |
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| Obverse description | Portrait vignette of King Farouk of Egypt set within a circular frame at upper centre, flanked by two medallions bearing the numeral 5. Elaborate arabesque guilloche border frames the entire face, with calligraphic Arabic legends arranged in decorative cartouches across the centre. A large red circular official stamp overprint appears at upper left, and two manuscript signatures appear at lower centre. |
|---|---|
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| Reverse description | Reverse entirely unprinted, with plain cream paper surface. The left stub, separated by a row of perforations, mirrors the obverse layout in reduced form and is equally uninscribed on this side. |
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| Comments |
The "Higher Nile Valley Authority for the Rescue of Palestine" was not a central bank or government treasury — it was one of several pan-Arab fundraising bodies that emerged in early 1948 to finance Palestinian Arab resistance as the British Mandate collapsed. These saving bonds were subscription instruments, not circulating currency, issued to Arab donors rather than deployed as transactional money. Whether any meaningful redemption mechanism ever existed behind them is doubtful.
Cairo was the organizational and printing hub for much of this activity, and several competing bodies issued similar paper during the same months, creating genuine attribution headaches for collectors today.